As many of you know, is a group of individual angel investors that have come together as a loose federation whose primary purpose is to spur continued and sustained economic and technological development in this region. (Obviously, they’d like to make a little coin too.) Last month, Baltimore Angels made a public call for business ideas and received 51 submissions in only a few weeks. How encouraging for Baltimore!
Yair and I submitted , a web application we built that is currently being used by Johns Hopkins to facilitate the administration of more than 300 student organizations at Hopkins. Among other group management features, it provides a budget management component that takes a lot of the paperwork out of allocating and utilizing a group’s budget. Most importantly, it serves as the official mechanism by which Hopkins recognizes their student groups.
I don’t intend to go into much detail about our specific idea. Rather, my intentions are to (a) document our experience for the benefit of interested entrepreneurs, and (b) provide an honest critique of the process. Read the rest of this entry »